Go long for Biocon Reason Cypher pattern Formed in Biocon and successfully reversed from point D Target - 1 = 430 Target - 2 = 450 SL = 394
will go LONG on BIOCON because: 1) The price is forming a Chanel or Rectangle Pattern . 2) The price also broke the trend line . 3) The price is also under Support/Resistance zone. 4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) . 5) Target would be the Resistance area . Book profit when it...
BIOCON - enter with stoploss of 528 and price target of 10%, 30% and 50% upside for Short, medium and Longterm
Note: This is for educational purpose only. There seems to be an ascending triangle bullish breakout with good volume (not too high). There seems to be a similar breakout in the RSI as well. RSI is 54 which is in neutral zone. As per the chart it seems that the bulls are back in control post a substantial push from bears.
One year of channel Uptrend. But notice the 6 weeks -yes SIX weeks - of lower lows since mid July.
BIOCON - Bullish setup 1 hour chart analysis Harmonics Pattern Hope my Chart Helps !!!!
#BIOCON - 4 hours Chart BULLISH BAT LONG setup POSITIONAL TRADE
buy Biocon@346-347 levels and keep target upto 349-350 levels. enjoy easy profit of 1% of your investment
BIOCON consolidating in short rage between 356 & 367. I'll go long if it break 370 with volume.
Biocon bounced from the support area and now ready for a new breakout above 238 + level.
Enter Long in BIOCON if crosses above 630 (Aggressive Trader) else Enter Long in BIOCON if moves above 636 Target 1 - 648 Target 2 - 660 Target 3 - 680+ Last Swing (Higher low) 610 acts as a Stop- loss *RECOMMENDED FOR POSITIONAL TRADE